Kempen Capital Management N.V. Has $23.29 Million Position in Two Harbors Investments Corp (TWO)

Kempen Capital Management N.V. cut its holdings in Two Harbors Investments Corp (NYSE:TWO) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,350,212 shares of the real estate investment trust’s stock after selling 76,700 shares during the period. Two Harbors Investments Corp accounts for 2.2% of Kempen Capital Management N.V.’s investment portfolio, making the stock its 20th biggest position. Kempen Capital Management N.V. owned approximately 0.67% of Two Harbors Investments Corp worth $23,290,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TWO. Principal Financial Group Inc. boosted its holdings in Two Harbors Investments Corp by 5,046.7% in the 2nd quarter. Principal Financial Group Inc. now owns 3,179,844 shares of the real estate investment trust’s stock worth $31,512,000 after buying an additional 3,118,060 shares during the period. Martingale Asset Management L P boosted its holdings in Two Harbors Investments Corp by 8,595.4% in the 2nd quarter. Martingale Asset Management L P now owns 1,870,116 shares of the real estate investment trust’s stock worth $18,534,000 after buying an additional 1,848,609 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in Two Harbors Investments Corp by 92.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,544,698 shares of the real estate investment trust’s stock worth $25,218,000 after buying an additional 1,223,130 shares during the period. Artemis Investment Management LLP bought a new position in Two Harbors Investments Corp in the 2nd quarter worth approximately $11,869,000. Finally, American Century Companies Inc. boosted its holdings in Two Harbors Investments Corp by 74.9% in the 2nd quarter. American Century Companies Inc. now owns 2,668,163 shares of the real estate investment trust’s stock worth $26,441,000 after buying an additional 1,142,732 shares during the period. 70.22% of the stock is owned by institutional investors.

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Several research analysts recently commented on TWO shares. Zacks Investment Research downgraded shares of Two Harbors Investments Corp from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. Maxim Group reaffirmed a “buy” rating and issued a $10.25 price objective on shares of Two Harbors Investments Corp in a report on Wednesday, June 7th. Credit Suisse Group started coverage on shares of Two Harbors Investments Corp in a report on Wednesday, July 5th. They issued an “outperform” rating and a $10.50 price objective for the company. Finally, BidaskClub downgraded shares of Two Harbors Investments Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $9.95.

Shares of Two Harbors Investments Corp (NYSE:TWO) traded up 0.30% on Friday, reaching $10.07. 3,828,527 shares of the company’s stock traded hands. The firm’s 50-day moving average is $10.04 and its 200-day moving average is $9.89. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 6.57 and a beta of 0.59. Two Harbors Investments Corp has a 52-week low of $7.91 and a 52-week high of $10.54.

Two Harbors Investments Corp (NYSE:TWO) last posted its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.02. The business had revenue of $117.79 million during the quarter, compared to analyst estimates of $123.04 million. Two Harbors Investments Corp had a net margin of 72.15% and a return on equity of 10.26%. The company’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share. Analysts anticipate that Two Harbors Investments Corp will post $1.07 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, September 29th will be given a $0.26 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.33%. Two Harbors Investments Corp’s payout ratio is currently 72.73%.

In other news, major shareholder Two Harbors Investment Corp. purchased 25,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was acquired at an average cost of $19.07 per share, for a total transaction of $476,750.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian Taylor purchased 32,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was purchased at an average price of $10.06 per share, with a total value of $321,920.00. Following the completion of the transaction, the director now owns 51,865 shares of the company’s stock, valued at $521,761.90. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 80,212 shares of company stock valued at $1,197,219. Company insiders own 1.16% of the company’s stock.

Two Harbors Investments Corp Profile

Two Harbors Investment Corp. is a real estate investment trust. The Company is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), mortgage servicing rights (MSR), commercial real estate and other financial assets (collectively known as target assets). Its investment objective is to provide attractive risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation.